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Author Question: Which of the following characteristics apply to collateralized mortgage obligations?I.All ... (Read 30 times)

rubiosusy7

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on: Mar 29, 2022

Question 1

What is the taxable equivalent yield of a 3.5% municipal bond if the investor is in the 37% federal and 6% state tax brackets?  The investor lives in the state that issued the bond.
◦ 5.91%
◦ 6.14%
◦ 8.14%
◦ 3.72%

Question 2

Which of the following characteristics apply to collateralized mortgage obligations?

I.All bondholders receive a pro-rata share of all interest payments.
II.CMOs are derivative securities created from mortgage-backed bonds.
III.All principal payments are paid to the shortest remaining tranche.
IV.CMOs have definite maturity dates for each tranche.

◦ I and II only
◦ I and III only
◦ I, II and III only
◦ II, III and IV only
Fundamentals of Investing ¦ Zutter, Smart ¦ 14th Edition
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Marked as best answer by rubiosusy7 on Mar 29, 2022

ElaneShive

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Reply #1 on: Mar 29, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rubiosusy7

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Reply 2 on: Mar 29, 2022
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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